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Which of the following statements about the wash sale rule is false ? The rule disallows loss recognition but not gain recognition. The rule applies

Which of the following statements about the wash sale rule is false?

  • The rule disallows loss recognition but not gain recognition.

  • The rule applies to both individual and corporate taxpayers.

  • The rule applies only to sales of marketable securities and not to sales of other types of investment assets.

  • None of these choices are false.

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